LAHORE UNIVERSITY OF MANAGEMENT SCIENCES

S.M. ABBAS ZAIDI,
Research Analyst
, PAGE
Nov 17 - 23, 2008

The Lahore University of Management Sciences (LUMS) is a national university, established by sponsors belonging to the country's leading private and public sector corporations. The University was incorporated in November 1984 and was granted a charter by the Government of Pakistan for establishing the University in March 1985, with the president of Pakistan being designated the role of the University's Chancellor. The Board of Trustees, the policy-making body of the University, comprises leading members of the business community, academia and representatives of the government. Many board members are representatives of the business community and form a crucial link between the University and the industry. In 1986 LUMS launched its Business School with a world-class MBA programme. In 1994, LUMS started a B.Sc (Hon) Programme in Economics and Computer Science. Over Subsequent years this evolved to include more specializations. In 1996, the School of Arts and Sciences was formed to oversee the undergraduate programme at LUMS. Later on, masters programmes in Economics, Computer Science and Computer Engineering were also added, followed by the launch of doctoral programmes in Computer Science, Computer Engineering and Mathematics and the Executive MBA programme. In 2002, a five year, integrated, BA-LL.B degree was also included to the list of programmes offered by the school. As the programmes and departments expanded, it became apparent that the scope and diversity of the programmes offered by the School demanded more meaningful division and focus. Hence, in 2006, School of Humanities, Social Sciences and Law has been established that oversees the Social Sciences, Economics and Law Departments and the remaining departments, namely Mathematics and Computer Science have become part of the School of Science and Engineering in this year.

LUMS SCHOOLS

1. School Of Science and Engineering (SSE).

2. School of humanities, suleman Dawood School of business (SDSB).

3. School of humanities, social sciences and law (SHSSL) and offers BS/BSC (Hons) 4 years as well as BA-LLB 5 years programmes.

PROGRAMMES
BS in Biology Chemistry, Computer Science, Electrical Engineering, Mathematics and Physics. BSc (Hons) in Accounting and Finance, Economics, Economics and Mathematics, Politics & Economics and Social Sciences
Masters in MBA, Executive MBA, MSc Economics, MS Computer Science and MS Computer Engineering. PhD in Mathematics , Management , Computer science and Computer Engineering BA-LL.B
Source: LUMS


LUMS FEE SCHEDULE FOR FIRST YEAR

FEE PKR USD
Admission (one-time expense) 25,000 500
Summer Orientation (one-time expense) 10,000 400
Security (refundable; one time expense) 10,000 200
Registration, Computing, Extracurricular Activities 15,000 300
Reading Material 15,000 600
Tuition 370,000 8,500
Total 445,000 10,500
Source: LUMS


ALUMNI'S SALARY

AVERAGE AND HIGHEST SALARY

PKR

Average Salary Local MBA 2007

70,444

Average salary International MBA 2007

282,045

Highest Salary Local MBA 2007

155,000

Highest salary International MBA 2007

529,375

Source: LUMS

RESEARCH AT LUMS

LUMS enjoys a great reputation for research. Graduate-level students are associated with research labs related with their course work. Every year a significant amount of research work is done collaboratively between LUMS faculty and its students which gets published in international and national conferences and papers.

INTERNATIONAL RECOGNITION

LUMS is an internationally recognized institute with its graduates recruited by companies such as Cisco Systems, Sun Microsystems, BP, 3M, Google, Shell, Deloitte, Accenture, Countrywide Bank, JPMorgan, Goldman Sachs, Morgan Stanley, UBS, Citigroup, London Stock Exchange, IBM, Bank of America, Indymac Bank, AOL, Microsoft, Ernst & Young, Mashreq Bank and Habib Bank etc. The school's reputation seems to have spread beyond just domestic applicants though, as a large number of applications also come in from the Middle East, the Far East, Central Asia, and other parts of South Asia.

CHALLENGES FOR UNIVERSITIES IN PAKISTAN

The previous Government had a record-setting increase in the budget for higher education which shot up from Rs 3.8 billion in 2002 to Rs 33.7 billion in 2007. When compared with India, China and even Iran our universities are way behind there universities in terms of both investments and quality education. Today many universities in Pakistan lack basic facilities like proper labs, liabraries, poor teaching quality staff, political activities mainly in Govt universities along with many other basic problems. Therefore, there is a need for better academic planning and management at the national level which has less monetary cost, as it is crucial to have higher education institutions for its smooth function. Major quality improvements could result from using nation wide standardized tests for student admission into higher education institutions; teaching teachers to use distance learning materials effectively; and designing standardized teaching laboratories that may be efficiently duplicated across Pakistan.

CONCLUSION

Higher education commission (HEC) has ranked LUMS as the number one university in Pakistan. This Business School has also got the most experienced and recognized faculty in the country. By maintaining the highest quality education standard, no doubt, LUMS has become a dream of youth in Pakistan. The graduates of LUMS are the highest paid employees in Pakistan which reflects the demand of the institution in the market. Today, LUMS provides the most well trained graduates, who are working in the most prestigious institutions in the country and across the globe and providing services to the country through their experience.